May 7, 2019 / 10:27 AM / 2 months ago

Brazil's Ambev misses profit estimates in Q1

SAO PAULO, May 7 (Reuters) - Brazilian beverages firm Ambev SA reported a 6.2 percent rise in first-quarter net profit but missed market expectations as a double-digit increase in cost of goods sold overshadowed growth in revenue and volume.

In a securities filing on Tuesday, the Latin American unit of Anheuser Busch InBev said its total net income was 2.749 billion reais ($692.74 million) compared to a consensus estimate of 2.969 billion reais ($748.18 million) compiled by Refinitiv.

$1 = 3.9683 reais Reporting by Gabriela Mello; editing by Jason Neely

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